Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT 1984No. 123, 1984 - SECT 194

194. Section 36 of the Principal Act is amended by omitting sub-section (4)
and substituting the following sub-sections:

"(4) Where-

   (a)  money has been paid by a person to a building society in respect of
        the issue of shares in the capital of the society (not being shares
        listed for quotation on a Stock Exchange); and

   (b)  the money has not been repaid, the money shall, for the purposes of
        this section, be taken-

   (c)  in a case where the money is repayable on demand-to be due by the
        building society to the person; or

   (d)  in any other case-to be money that may become due by the building
        society to the person.

"(5) Where, but for this sub-section, money is not due, or repayable on
demand, to a person unless a condition is fulfilled, the money shall be taken,
for the purposes of this section, to be due, or repayable on demand, as the
case may be, to the person notwithstanding that the condition has not been
fulfilled.

"(6) In this section-
'building society' means a society registered or incorporated as a building
society, co-operative housing society or other similar society under the law
in force in a State or Territory;
'person' includes a company, a partnership, the Commonwealth, a State, a
Territory and any public authority (whether incorporated or unincorporated) of
the Commonwealth or a State or Territory;
'tax' includes-

   (a)  further tax;

   (b)  additional tax under section 27 or 42;

   (c)  a judgment debt or costs in respect of-

        (i)    tax;

        (ii)   further tax; or

        (iii)  additional tax under section 27 or 42;

   (d)  any fine or costs imposed by a court in respect of-

        (i)    an offence against this Act or the regulations; or

        (ii)   any other taxation offence within the meaning of Part III of
               the
Taxation Administration Act 1953 that relates to this Act or the regulations;
and

   (e)  any amount ordered by a court, upon the conviction of a person for an
        offence of a kind referred to in paragraph (d), to be paid by the
        person to the Commissioner.".